Iconic Mermaid Beach home headed for $7m price gain

99 Hedges Ave, Mermaid Beach, is on the market for $13.75m.
THE owners of a beachfront home on one of the Gold Coast’s most salubrious streets will be making a gain of more than $7m in less than three years if it sells for its listed price.
The house at 99 Hedges Ave, Mermaid Beach, which property records show Janine Edwards and Robert Allinson bought for $6.395m in July 2019, hit the market two days ago sporting a $13.75m price tag.
The view from the living room of 99 Hedges Ave.
The listing reflects the extent of house price growth in the beachside suburb, where the median price is the highest on the Coast at $2.825m.
This is $1.375m more or a 60 per cent uplift on the same time 12 months ago and an astounding 94.8 per cent uplift on the median price three years ago.
The yellow home is iconic along the salubrious strip.
The iconic yellow-painted home has three bedrooms and is on a 405sq m sought-after corner block along “Millionare’s Row”.
Spread over three storeys, the ground floor houses an open-plan kitchen, TV, dining and living room which has an open sandstone fire, in front of which you can curl up on the chilly winter evenings.
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Enjoy a cosy evening in front of the open fire.
From the living room, bifold doors peel back to provide access to an alfresco entertaining deck, which features a spa and a barbecue. Step down to a second uncovered deck area mere metres from the sand and surf.
The house has a lift to service the upper floor which is reserved for the sleeping quarters, including the master suite, which has a private balcony, lavish ensuite and walk-in robe.
The open-plan ground floor.
Owners can throw back the white shutters and watch the morning sun on the horizon rise over the ocean from the bed or a cost benchseat by the window.
There is also a study on this level for those who need to work from home and cosy reading nook.
On the basement level is space to comfortably park four cars, a luxury on this busy beachfront strip where street-parking spaces are few.
The property is mere metres from the golden sand of Mermaid Beach.
The property is surrounded by a manicured tropical garden promoting privacy and serenity.
It is being marketed by Amir Mian of Amir prestige Group.
The most expensive sale in Mermaid Beach, according to RP Data, was inked in 2020 for No.187-189 Hedges Ave, and was bought by multi-millionaires Bob and Janine Ell for $22.6m from Rosa Raso.
The luxurious coastal master suite with private balcony and bench seat.

The post Iconic Mermaid Beach home headed for $7m price gain appeared first on realestate.com.au.

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